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The role of Islamic economics and social institutions during the time of Covid-19

Sri Herianingrum (Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia)
Sri Iswati (Department of Accounting, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia)
Anwar Ma’ruf (Faculty of Veterinary Medicine, Universitas Airlangga, Surabaya, Indonesia)
Zakaria Bahari (Centre for Islamic Development Management Studies (ISDEV), Universiti Sains Malaysia, Penang, Malaysia)

Journal of Islamic Marketing

ISSN: 1759-0833

Article publication date: 28 June 2024

Issue publication date: 12 July 2024

12

Abstract

Purpose

This study aims to examine the role of Islamic economic and social institutions during Covid-19 and try to propose a model that highlights Islamic economics and social institutions’ role in providing community economic, social and health recovery support.

Design/methodology/approach

This research uses a qualitative approach with a multicase method. Interviews with the institutions including the Amil Zakat, Islamic Banks, Micro Waqf Banks and Islamic Cooperative (Baitul Maal wat Tamwil) were conducted in order to develop a model about how the integration between each institution in handling the effect of COVID-19.

Findings

The model shows the interaction roles of each Islamic institution and implementation in the long term and short term in handling the impact of Covid-19, particularly in the economic, social and health sectors. These institutions will assist the government in establishing community economic independence in the face of COVID-19, which has caused economic sluggishness or recession.

Research limitations/implications

This study proposes the model of synergy using a qualitative approach. Future studies can develop the synergy model by employing a statistical and quantitative method, such as by employing analytical network process method.

Originality/value

This study adds the literature about empirical evidence on the role of each Islamic economic and social institution and develops new scenario model about integration of those institutions in overcoming economic and social problems during the COVID-19 pandemic. These interactions play a role in shaping the community’s economic independence in dealing with the economic downturn due to COVID-19.

Keywords

Citation

Herianingrum, S., Iswati, S., Ma’ruf, A. and Bahari, Z. (2024), "The role of Islamic economics and social institutions during the time of Covid-19", Journal of Islamic Marketing, Vol. 15 No. 8, pp. 2144-2162. https://doi.org/10.1108/JIMA-05-2022-0134

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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